Please be advised the parties have twenty days (20) upon receipt of this letter to negotiate an agreement for the WBO Jr. Welterweight Title Bout between the Jr. Welterweight Champion Maurice Hooker and Mandatory Challenger, Alex Saucedo. If an accord is not reached within the time frame, a Purse Bid will be ordered, pursuant to the WBO Regulations of World Championship Contests.

The minimum acceptable bid for the WBO Jr. Welterweight Division is $150,000.00 (One Hundred Fifty Thousand Dollars). Any one of the parties involved may request a Purse Bid at any time during the negotiation process.